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प्रश्न
Explain any three characteristics of capital.
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उत्तर
The characteristics of capital are as follows:
- Capital is the Result of Past Labour - Capital is a produced factor of production. When human efforts are combined with natural resources with the objective of developing producer goods like tools, machinery, etc., then the emergence of capital takes place.
- Capital is Result of Savings - Capital is man-made and is born out of savings done by man. Its supply is increased or diminished by the efforts of man. Thus, capital is a manmade factor of production.
- Capital not an Indispensable Factor - Capital is not an indispensable factor of production. Production can be possible even without capital, whereas, land and labour are the original and indispensable factors of production.
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संबंधित प्रश्न
Primary factors are
Derived factors are ______ and ______.
What are the factors of production?
Entrepreneurship is otherwise called ______.
What are the primary factors of production?
What are the derived factors of production?
______ are called factors of production.
The factors for production are ______, ______, ______.
Which factor of production is not a hired factor?
Which of the following types of capital gets exhausted after its use and gets embodied in the finished product?
Mention two differences between an entrepreneur and other factors of production.
What do you mean by 'innovative ability' of an entrepreneur?
Explain complex division of labour with the help of an example.
Define capital.
What do you understand by the term 'Capital formation'?
Explain any three factors which affect capital formation.
The Indian labour suffers from low efficiency. Explain your answer with three reasons for low efficiency of Indian labour.
Explain any three such changes causing destruction to the ecosystem.
Which of the following is not a correct match?
Match the following and select the correct option.
| Factor of Production | Reward of factor of production | ||
| (i) | Land | (A) | Wage |
| (ii) | Labour | (B) | Profit |
| (iii) | Capital | (C) | Rent |
| (iv) | Entrepreneur | (D) | Interest |
Tick the one which does not belong to the following group.
All factors of production are equally mobile.
Match the following:
| Factor of Production | Characteristic |
| A. Land | (i) Subject to depreciation |
| B. Mannual labour | (ii) Risk and Bearing |
| C. Capital | (iii) Permanent |
| D. Entrepreneur | (iv) Involves physical work |
Choose the correct alternative:
Define production.
Which statement best represents "Capital" in production?
Who is called an "Entrepreneur" in the factors of production?
Why are all four factors (Land, Labour, Capital, Entrepreneurship) important?
